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TRENTON, N.J. (AP) – Pfizer said Monday that it will partner with German drug and chemical maker Merck in developing potential cancer drugs in a hot new medication class that harnesses the body's immune system to fight cancer.

CB Richard Ellis Memphis has been selected by Highbrook Investment Management to manage four buildings in the Lenox Park office complex, located at Tenn. 385 near Kirby Road.

The four 100,000-square-foot buildings are part of the seven that comprise the largest collection of Class A office space in Memphis. CBRE Memphis began management of buildings C, D, E and F on May 1. Since Highbrook purchased the four buildings in 2012, more than 50,000 square feet has been leased to companies including C.H. Robinson, W.M. Barr, Verso Paper and Metro PCS.

CB Richard Ellis Memphis has been selected by Highbrook Investment Management to manage four buildings in the Lenox Park office complex, located at Tenn. 385 near Kirby Road.

The four 100,000-square-foot buildings are part of the seven that comprise the largest collection of Class A office space in Memphis. CBRE Memphis began management of buildings C, D, E and F on May 1. Since Highbrook purchased the four buildings in 2012, more than 50,000 square feet has been leased to companies including C.H. Robinson, W.M. Barr, Verso Paper and Metro PCS.

LONDON (AP) – The board of AstraZeneca on Monday rejected the improved $119 billion takeover offer from U.S. drugmaker Pfizer, a decision that caused a sharp slide in the U.K. company's share price as many investors think it effectively brings an end to the protracted and increasingly bitter takeover saga.

SILVER SPRING, Md. (AP) – A majority of federal health experts said Tuesday that new research is not strong enough to conclude that naproxen, the pain reliever in Aleve and many other medications, is safer on the heart than rival drugs used by millions of Americans to treat arthritis and everyday aches and pains.

Merck & Co.'s hot experimental cancer drug, already closely watched by investors, got more attention Wednesday after the company announced new alliances with three other drugmakers to test it in combination with their drugs.

WASHINGTON (AP) – President Barack Obama says rising U.S. exports have been "one of the biggest bright spots" of the U.S. economy.

Obama in 2010 set a goal of doubling exports by 2015, but the country is not on track to meet that goal. However, Obama pointed out the United States now sells more goods overseas than ever before, and those sales have boosted the U.S. economy. Obama says "made in America" means something around the world.

The U.S. Justice Department said Tuesday that drugmaker Pfizer Inc. will pay almost $491 million to resolve an investigation into illegal marketing of the organ transplant drug Rapamune by a company Pfizer later acquired.

With a name like Screwpulp, it’s not hard to figure out how the founders of the startup feel about the current state of the publishing industry.

Screwpulp is one of six companies participating in Seed Hatchery, a tech-focused business accelerator for high-growth companies that wraps up its third season this month. Richard Billings is the founder of Screwpulp, which he and his team have built to help writers do an end run around traditional publishing outlets.

NEW YORK (AP) – A number of major U.S. companies postponed quarterly earnings reports scheduled for Monday and Tuesday, as Hurricane Sandy barreled into the East Coast and caused the first unplanned shutdown of financial markets since 2001.

TRENTON, N.J. (AP) – Pharmaceutical industry heavyweights are teaming up to address a challenge that's long vexed drugmakers: how to improve the way experimental drugs are tested so they can get approved, and reach patients, faster.

WASHINGTON (AP) – Pfizer has agreed to pay the federal government $60 million to settle allegations that its employees bribed doctors and other foreign officials in Europe and Asia to win business and boost sales.

WASHINGTON (AP) – GlaxoSmithKline LLC will pay $3 billion and plead guilty to promoting two popular drugs for unapproved uses and to failing to disclose important safety information on a third in the largest health care fraud settlement in U.S. history, the Justice Department said Monday.

Devonya Evans has joined the Medical Education & Research Institute as director of finance. Evans, a licensed certified public accountant, will be responsible for heading MERI’s finance and information technology departments.

Adam M. Irving is chief executive officer of San Diego-based Animal Cell Therapies Inc., a company that develops stem cell treatments to treat a variety of ailments for animals. Irving is based in Memphis.

NEW YORK (AP) – Moody's Investors Service said Wednesday that supermarkets with big pharmacy sections will get a small boost to their profits in 2012 as low-cost versions of some of the world's best-selling pharmaceuticals reach the market.

State and federal officials are developing new programs and legislation to bolster small businesses.Many companies are facing a variety of hurdles in a lackluster economy in which millions remain jobless and the outlook for consumer confidence and companies’ confidence in hiring and investing remain bleak. But what shape those hurdles have taken depends on who you ask.

Health care stocks historically provide a relatively safe haven in roiling markets. They're less tethered to the economy's every movement than other stocks and tend to be less volatile.

Anxious investors might be considering putting money in the sector, but the current outlook is complicated by uncertainty over the government's changing involvement in health care. The wild card is potential cuts to Medicare or Medicaid, soon to be considered by Congress' new debt-reduction supercommittee.

BRISTOL, Tenn. (AP) – Pharmaceutical company Pfizer Global Supply is ending manufacturing and logistics operations at its Bristol, Tenn., facility, but the plant will continue its commercial and support operations.

Generic competition cut deeper into drugmaker Pfizer Inc.'s sales in the second quarter – with the U.S. patent expiration for its cholesterol fighter Lipitor, the world's top-selling drug, just five months away.

JACKSON, Miss. (AP) – A federal lawsuit in Mississippi claims a major pharmaceutical company misrepresented clinical data and used sham litigation to maintain a monopoly over a drug used to treat depression and anxiety.

TRENTON, N.J. (AP) - Drugmaker Pfizer Inc., well into integrating its new Wyeth unit, posted a 34 percent jump in revenue Wednesday, but $3.2 billion in acquisition and restructuring charges and higher costs across the board weighed down profit.

The Pfizer Inc. Memphis Logistics Center has received the Award of Excellence for Workplace Safety from Tennessee Department of Labor and Workforce Development Commissioner James Neeley.The facility, which employs 200 people, qualified for the award by logging more than 512,000 hours without any lost time or injuries. The award honors Tennessee employers and their workers who reach a required number of work hours without experiencing a lost workday case, and have maintained total injury and illness incident rates below the national average.

TRENTON, N.J. (AP) - British drugmaker GlaxoSmithKline PLC said Monday it is making major changes in its funding of educational programs for doctors, reducing the number it sponsors and switching its focus to independent ones with balanced information.

WASHINGTON (AP) - The drug industry's trade group and one of the nation's biggest pharmaceutical companies reported spending more money than other health care organizations on lobbying in the second quarter of this year.

NEW YORK (AP) - The U.S. Food and Drug Administration will require two smoking-cessation drugs, Chantix and Zyban, to carry the agency's strongest safety warning over side effects including depression and suicidal thoughts.

WASHINGTON (AP) - The wife of a senator playing a lead role on a national health care overhaul sits on the boards of four health care companies, one of several examples of lawmakers with ties to the medical industry.

LONDON (AP) - British drug maker GlaxoSmithKline PLC said Monday it will pay $2.9 billion to buy American dermatology business Stiefel Laboratories Inc. – the latest deal in a flurry of mergers and acquisitions in the pharmaceuticals industry.

TRENTON, N.J. (AP) - The burst of drugmaker mergers announced in the first quarter is worth nearly 50 percent more than all the industry deals announced in 2008, according to a new report.

Deals in the quarter had a combined value of $166 billion, more than 10 times the value of deals announced in last year's first quarter and well over the $114 billion in deals announced in all of 2008.

TRENTON, N.J. (AP) - Pharmaceutical giants GlaxoSmithKline PLC and Pfizer Inc. will pool resources to create a new company to develop and sell HIV medicines, leveraging a small investment into the No. 2 market position.

WASHINGTON (AP) – Employers took a large ax to their payrolls in January, the government said Wednesday, and the cuts are likely to get worse over the next few months.

The U.S. Labor Department reported that mass layoffs, or job cuts of 50 or more by a single employer, increased to 2,227 in January, up almost 50 percent from the same month last year. More than 235,000 workers were fired in last month’s cuts.

NEW YORK (AP) – Following years of pressure, medical device maker Medtronic Inc. will begin disclosing how much money it gives physicians in various consulting and other payments, though the reporting threshold is far less than currently proposed legislation.

WASHINGTON (AP) – Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation’s job climate is deteriorating at an alarming clip with no end in sight.

New jobless claims jumped far more than expected last week in an already dismal labor market, and there’s no relief in sight for workers as mass layoffs persist.

The U.S. Labor Department reported Thursday that the number of newly jobless workers seeking benefits rose last week to a seasonally adjusted 626,000, from the previous week’s upwardly revised figure of 591,000. The latest total is far more than analysts’ expectations of 583,000.

WASHINGTON (AP) - The economic downturn has forced private industry and state and local government to shed jobs, but one major employer in the country is hiring: The federal government.

While the nation's 11 million unemployed and the millions more who fear losing their jobs may feel Washington should streamline too, economists say a strong federal work force is key to economic recovery. Were President Barack Obama to put any of the nearly 2 million federal civil servants out in the street in the middle of the worst economic downturn since the Great Depression, the consequences could be dire.

WASHINGTON (AP) – The U.S. economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.

The number of layoffs involving 50 or more workers jumped by one-third last year, and the pace of large job cuts appears to have quickened in the first month of 2009.

The U.S. Labor Department reported Wednesday that 21,137 mass layoffs took place last year, up from 15,493 in 2007. That’s the highest annual total since 2001, the last time the economy was in recession, and the second highest since the department began tracking mass layoffs in 1995.

WASHINGTON (AP) - The Federal Reserve, acknowledging the economy has continued to deteriorate, signaled Wednesday that it will keep using unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite "some time."

TRENTON, N.J. (AP) - No. 1 drugmaker Pfizer Inc. said Monday it is buying No. 12 Wyeth for $68 billion in a deal that ultimately will wipe out nearly 20,000 jobs but quickly boost Pfizer's revenue and profit and transform it overnight into a medicine cabinet for all.

WASHINGTON (AP) - The recession is killing jobs at an alarming pace, with tens of thousands of new layoffs announced Monday by some of the biggest names in American business – Pfizer, Caterpillar and Home Depot.

Pfizer has withdrawn its application to sell a 50-miligram dose of Viagra over the counter in Europe, but the company reported it still believes the dose is a suitable candidate for non-prescription supply. The European Medicines Medicinal Products for Human Use agency raised concerns about the proposal.

WASHINGTON (AP) - U.S. sales of pharmaceuticals will grow at the slowest rate on record this year, as the weakening economy compounds other factors hampering the industry, according to a report issued Wednesday.

TRENTON, N.J. (AP) - Drug giant Pfizer Inc. has reached an $894 million deal to end most of the lawsuits over its two prescription pain relievers, the popular Celebrex and a similar drug, Bextra, no longer on the market.

SAN FRANCISCO (AP) – Just a year ago, investors were swaggering as the stock market surged to an all-time high. Now, almost everyone on Wall Street and Main Street seems to be shuddering amid a frightening reversal of fortune that has erased $8.3 trillion in shareholder wealth in the past year.

TRENTON, N.J. (AP) - Television ads for the world's top-selling drug, cholesterol fighter Lipitor, are back, six months after Pfizer Inc. pulled them amid charges its use of a celebrity doctor endorser who's never practiced medicine misled the public.

WASHINGTON (AP) – The nation’s unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work.

WASHINGTON (AP) - From Congress to the campaign trail, everyone seems to have an economic stimulus plan - and from missile makers to garden suppliers- every business wants a piece of it.

Several major industry groups - the National Association of Manufacturers, the National Retail Federation and U.S. Chamber of Commerce - said they have been talking with or plan to talk with the Bush administration and lawmakers about how the stimulus package can help their constituents.

Even before the U.S. Supreme Court issued its decision in a major property rights case last month, the Memphis city attorney's office was finishing the legal strategy to help the Riverfront Development Corp. in its effort to remake the Front Street Promenade.

Kim Carter joined Coastal Securities in Memphis as public finance vice president. She earned a master of business administration degree from the University of Memphis and a bachelors degree from Howard University in Washington, D.C. &nbs...

92. Archived Article: Benchmark - Thursday, April 18, 2002 Some drug earnings Some drug earnings under the weather Stricken by patent expirations, too few new drugs in the pipeline and political uncertainty, the drug industry is a bit anemic, with first-quarter earnings growth averaging 3 percent, analysts ...

93. Archived Article: Tech Focus - Wednesday, January 30, 2002 Pink Palace exhibit takes the mystery out of microbes Pink Palace exhibit takes the mystery out of microbes By SUE PEASE The Daily News Want to see a floating hologram of an Ebola microbe? Or maybe view an iron lung used in the fight against polio? ...

Pfizer Inc., a top drugmaker, has settled for an undisclosed amount a $20 million claim that its recalled Rezulin diabetes drug caused fatal liver damage, according to the Mississippi law...

95. Archived Article: Idb (lead) - Friday, August 10, 2001 Three companies seek tax freezes on $22 million in new investment Three seek tax freezes on $22 million in investment By SUE PEASE The Daily News Three tax freeze applications representing $22 million in capital investment and about 280 new jobs wil...

96. Archived Article: Market Briefs - Monday, May 21, 2001 Birch Telecom Inc Birch Telecom Inc. reported unaudited results for the quarter ended March 31. Revenue for the first quarter increased to $38.4 from $36.1 million for the fourth quarter 2000, and from $23.8 million for the first quarter 2000. For t...

98. Archived Article - Monday, May 15, 2000 Call centers: a ring of opportunity Call centers ring with opportunity for Memphis By LAURIE JOHNSON The Daily News The world is calling, and Tennessee is picking up the phone. Call centers are a booming sector of the states economy, and representat...

99. Archived Article: Real Briefs - Tuesday, September 21, 1999 Ledic Ledic Management Group has added Appling Lakes in Cordova, Continental Apartments in Midtown and Willow Creek Apartments in the east Winchester submarket to its multi-family management portfolio. With the addition of the 538 units, Ledic now m...